Green Power Market Overview
According to a research survey conducted by ChemView Consulting, in 2022, the Global Green Power Market was worth US$ 48,923.7 Mn and is expected to grow at a CAGR of 13.7% over the forecast period. The market is expected to hit US$ 1,76,654.2 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 10.8%, the market underwent significant growth.
The Green Power market is rapidly expanding due to stringent government regulations, a rise in industries in developing economies, and favorable policies in developed and developing economies. Which in turn fuels market growth in various sectors.
ChemView Consulting has analyzed that Green Power seeks significant demand from green energy sources, positively influencing the market growth. Increasing Energy requirements in regions such as the Middle East, Asia Pacific, and Latin America have risen dramatically in Green Power demand.
This is mainly because these green sources are environment-friendly and offer a good alternative for industries to breathe life into their conventional processes. The government has taken initiatives to promote these renewable energy sources, driving the demand for green power.
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Segments Covered in Report
By Power :
- Wind Energy
- Solar Energy
- Geothermal Energy
- Hydropower
- Bioenergy
By Application:
- Electricity generation
- Transportation
- Heating
- Others
By End User:
- Utility
- Residential
- Industrial
- Commercial
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Green Power Market
- Based on the Power, the hydropower project is expected to grow during the forecasted period. The hydropower projects can supply clean water for agriculture, businesses, and homes. It also helps in combating extreme weather events. Like floods and droughts, it is among the most important and largest energy sources. The most commonly identified forms of hydroelectric power are in the constructed sites, run-of-river, and run-of-regression.
- Based on the form, the transportation segment is expected to increase the Green Power demand significantly worldwide. Increasing demand from the Electrical cars sector will boost Green Power goods.
- Europe is projected to dominate the Green Power market with a market share of 31.9% during the forecast period.
Competition Summary
Key companies covered in the market study are JinkoSolar Holding Co. Ltd., NextEra Energy, Inc., Orsted, Adani Green Energy Limited, GE Renewable Energy, Iberdrola SA, A/S, Siemens Gamesa Renewable Energy, Suzlon Energy Limited, Tata Power.
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Report Key Highlights
- Detailed information on factors that will assist Global Green Power’s growth during the next ten years
- Assessment of the historical and current Global Green Power Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving worldwide Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. 70% of the largest Forbes 1000 enterprises are our clients. We serve global clients across leading & niche market segments across Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.
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